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Hotel construction in the United States hit historic levels in the fourth quarter of 2024, according to Lodging Econometrics‘ (LE) latest Hotel Construction Pipeline Trend Report. hotelpipeline showed robust activity across all project stages.
The Q4 2024 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) showed that the global hotel construction pipeline continued its upward trajectory, reaching a new all-time high project count with 15,820 projects/2,438,189 rooms, a 4 percent increase in projects and a 3 percent increase in rooms year-over-year (YOY).
The latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE) showed that Dallas is leading the nations hotel construction pipeline with a record-breaking 204 projects totaling 23,669 rooms. Hotel Construction Pipeline appeared first on LODGING Magazine.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. pipeline stood at 6,211 projects/722,821 rooms, up 9 percent by projects and 7 percent by rooms year over year (YOY). This marks a new all-time high for projects in the United States, surpassing previous pipeline records.
CHICAGO, IllinoisHyatt Hotels Corporation announced a record pipeline of approximately 138,000 rooms as of year-end 2024, alongside a brand realignment designed to increase owner returns and growth.
CHICAGO—Hyatt Hotels Corporation continued the expansion of luxury and lifestyle hotels with a development pipeline of more than 20 recent and planned openings across the United States, Canada, Mexico, Latin America, and the Caribbean through 2025.
Skift Take: Hotel execs gathered this week to compare the sizes of their hotelpipelines. The companies with the largest hotel development forecasts were Marriott and Hilton, and the types of properties proving popular says a lot about their strategic directions. Sean O'Neill Read the Complete Story On Skift
MCLEAN, VirginiaIn a year when Hilton announced new partnerships and acquisitions and developed hotels worldwide, the company set records for growth. Hilton added 973 hotels and nearly 100,000 rooms in 2024, the single biggest increase in rooms in Hiltons more than 100-year history, achieving net unit growth of 7.3
Skift Take: Choice Hotels is seeing weakness in its hotel development pipeline. That may not improve much if it remains distracted by pursuing a merger with Wyndham. Sean O'Neill Read the Complete Story On Skift
According to the most recent Construction Pipeline Trend Report for the United States by Lodging Econometrics (LE), at the close of Q3 2023, the total U.S. construction pipeline stood at 5,704 projects/672,676 rooms, up 7 percent year-over-year (YOY) by projects and rooms.
Construction Pipeline Trend Report by Lodging Econometrics (LE) shed light on cross-market trends. Construction Pipeline appeared first on LODGING Magazine. In the ever-changing landscape of the U.S. hospitality industry, the Q4 2023 U.S. Following closely was Atlanta, setting its own record with 151 projects/18,730 rooms.
LONDON—IHG Hotels & Resorts (IHG) celebrated the milestone of 100 open hotels for its voco brand within seven years. In 2023, voco had 100 open and pipelinehotels, and […] The post IHG’s voco hotels Reaches 100 Open Hotels appeared first on LODGING Magazine.
In the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the construction pipeline at the close of the first quarter. Hotel Construction Pipeline appeared first on LODGING Magazine.
hotel industry maintains a steady development pipeline, though current activity reflects a more cautious approach amid near-term challenges. The current selective development environment suggests industry participants are making strategic decisions based on fundamental demand drivers, which will position new projects for success.
Skift Take: While the development pipeline is impressive in key markets, successful delivery of hotel projects will depend on overcoming nagging financing challenges and uneven infrastructure. Read the Complete Story On Skift
CHICAGO—Hyatt Hotels Corporation updated its projected growth for 2024 and beyond. In 2023, Hyatt’s pipeline resulted in 127,000 rooms worldwide at year-end, which is expected to fuel its expansion this year. As a result, the pipeline represents nearly 40 percent of existing rooms in the Hyatt portfolio.
Skift Take: This summer, Hilton opened more hotels than they've ever opened in a three-month period. When you subtract the hotels they lost, it grew its hotel count by 7.8%, also a record. Sean O'Neill Read the Complete Story On Skift
Coming up on its five-year anniversary, BWH Hotel Group’s boutique Aiden brand continues to gain momentum with 21 properties open and a robust development pipeline that is projected to at least double the portfolio within the next two years.
Skift Take: CEO Elie Maalouf pointed to early results suggesting that IHG's recent marketing efforts and brand development work are leading to growth in a virtuous flywheel for the hotel group. Sean O'Neill Read the Complete Story On Skift
Skift Take: In a recent interview, Hilton CEO Chris Nassetta discussed the hotel giant's record-breaking year for hotel development, the drivers behind its loyalty program's growth, and how it's trying to tame its carbon emissions. Sean O'Neill Read the Complete Story On Skift
MCLEAN, VirginiaWith recent openings in Paris, Cape Town, Dallas, Osaka, Costa Rica, Jordan, and more, Hiltons luxury and lifestyle brands have opened their 1,000th hotel globally.
The Q4 2023 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) revealed that the global hotel construction pipeline hit all-time high project counts in Q4.
Skift Take: Hyatt sees adding luxury lifestyle hotels like Standard Hotels as creating a virtuous cycle of growth in its loyalty program and pipeline. Sean O'Neill Read the Complete Story On Skift
Minor Hotels is set to open almost 300 new hotels over the next three years as it ramps up expansion globally. The hotel owner-operator is on track to pass a milestone of 850 properties by the end of 2027, positioning it among the worlds largest hospitality groups.
With recent openings in Paris, Cape Town, Dallas, Osaka, Costa Rica, Jordan, and more, Hilton’s luxury and lifestyle brands have opened their 1,000th hotel globally. We look forward to continuing to build on our momentum with the expected opening of three new luxury and lifestyle hotels per week this year.”
Amora Hotels and Resorts has acquired Adelaides Hilton Hotel at 233 Victoria Square for an undisclosed sum. The sale marks the first time the hotel has changed hands in more than 30 years. The family-run hospitality group operates a range of hotels across Australia and Thailand.
Construction Pipeline Trend Report from Lodging Econometrics (LE), the pipeline stood at 5,964 projects/693,963 rooms. The pipeline hit record project counts in Q4, with the addition of 260 projects and 21,287 rooms over the last quarter, a 9 percent increase in projects, and a 7 percent increase in rooms year-over-year (YOY).
NORTH BETHESDA, MarylandChoice Hotels International, Inc. announced three hotel openings for its Everhome Suites brand in Huntsville, Alabama; Chandler, Arizona; and Temecula, California. Choice Hotels now has 10 Everhome Suites open nationwide, providing apartment-style accommodations.
ATLANTAIHG Hotels & Resorts (IHG) built momentum across its Luxury & Lifestyle portfolio. IHGs six Luxury & Lifestyle brands represent 20 percent of its overall global pipeline, nearly double what it was just five years ago, and span more than 900 open and pipelinehotels, with over 260 of those in the Americas.
hotelpipeline remains up, while rooms in construction decreased after two months of gains, according to CoStar’s December 2023 data. Hotel PipelineDecember 2023 Percentage change from December 2022:In construction: 152,114 rooms (down 4.5 HotelPipeline appeared first on LODGING Magazine.
Skift Take: Will a slowdown in bank lending lead to weakened hotel development for Wyndham? The world's largest hotel franchisor doesn't expect a problem, and it makes plausible arguments about why. Sean O'Neill Read the Complete Story On Skift
WASHINGTON —With substantial volume in the planning phases, the Americas was the only world region to show an increase in overall hotelpipeline activity, according to year-end data from CoStar. Construction activity was down in every world region except Asia Pacific.
Accors luxury and lifestyle brands Sofitel, Sofitel Legend, MGallery and Emblems achieved record growth in 2024 with close to 90 hotels signed collectively. Now with a reignited pipeline, 32 new Sofitel hotels are to be opened over the coming years, expanding into key destinations such as Egypt, Vietnam, Portugal, Ireland, Mexico and India.
Skift Take: The founder of Mews said late last year that there were more acquisitions in the pipeline. Here's the first since then, with no signs that it will be the last. Justin Dawes Read the Complete Story On Skift
IHG Hotels and Resorts (IHG) has opened its 100 th Voco hotel since it emerged on the international hotel scene seven years ago with its first opening on Australia’s Gold Coast. In Australasia, there are now five Voco hotels opened, with another five in the pipeline.
The brands first hotel opened in September 2023, and less than two years later, it has surpassed 100 open hotels. Moving forward, Sparks pipeline includes 230 hotels around the world.
Hyatt doubled the number of luxury rooms, tripled the number of resort rooms, and quadrupled the number of lifestyle rooms in five […] The post Hyatt Updates Luxury Development Pipeline Through 2025 appeared first on LODGING Magazine.
Australias hotel sector is on track for a full recovery by the end of 2025, with all major cities recording occupancy growth, according to new CBRE data. With major events, premium hotel openings, and infrastructure projects in the pipeline, the outlook for the Australian Hotel sector remains positive.
NORTH BETHESDA, MarylandChoice Hotels continues to expand its international footprint, with31 hotels and more than 3,300 rooms onboarded year-to-date outside of the U.S., and over 11,000 rooms added to the pipeline over the same period, resulting in a net pipeline increase of 95 percent since the beginning of the year.
Skift Take: India’s booming aviation market coupled with sustained economic growth have made global hospitality titans check into the country with a robust pipeline of hotels over the next five years. Amrita Ghosh Read the Complete Story On Skift
Marriott International has marked another year of strong growth in the Asia Pacific excluding China (APEC) region, signing a record 109 deals across 11 markets, contributing 21,439 rooms to the region’s development pipeline, closing the year with 77,532 total rooms in the region’s year-end pipeline.
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